Win Over Uber Investors Who Aren’T Benchmark

SoftBank has begun approaching other investors besides Benchmark in a continuing effort to acquire a piece of Uber, according to people briefed on the moves.
In addition, prior to the lawsuit, several Uber investors had been privately advising the board not to allow Benchmark to sell any of its stake in the ride-hailing company until Uber chose its new CEO.
(SoftBank had offered to buy shares at a $45 billion valuation for Uber, said sources, while Benchmark has publicly stated that they believe Uber will be worth $100 billion.
Before Benchmark signaled it would not accept a deal at those terms, several existing Uber backers — including the hedge fund Tiger Investments — told Benchmark that if Uber shares were available at a $45 billion valuation, they would be glad to take those off of their hands, according to one of the people briefed.
Tiger Investments, Benchmark and SoftBank declined to comment.

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